Marathon Resources Ltd

Published : April 08th, 2015

Response to Price Query Letter

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Response to Price Query Letter

T +61 (0)8 8348 3500

F +61 (0)8 7225 6990

ABN 31 107 531 822


8 April 2015
Ivan Tatkovich
Adviser, Listings Compliance
ASX Compliance
Via email: [email protected]
No of pages (including this one) 1
Dear Mr Tatkovich,

Marathon Resources Ltd - Response to ASX Price Query

I refer to our discussions earlier today and your subsequent correspondence 8 April
2015 relating to the change in the share price of Marathon Resources Ltd ("the Company") from a low of $0.09 at close 7 April 2015 to a high of $0.15 at issue of your correspondence.
Responding to the queries in your correspondence using your question numbers, I
advise:
1. The Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company. The Company continues to progress its previously announced acquisition of ARP TriEnergy Pty Ltd ("TriE") which owns the Leigh Creek Energy Project ("LCEP") (ASX Releases 3 & 17 March 2015). Marathon is finalising review of the Notice of Meeting and associated explanatory materials with regulatory authorities and now envisages the EGM will be held in mid to later May 2015.
2. Not applicable.
3. The Company is not aware of any reason relating to its activities that would give rise to the price change in the securities in the Company.
4. The Company confirms that it is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

Yours sincerely

Sam Appleyard

Company Secretary

8 April 2015
Mr Sam Appleyard Company Secretary Marathon Resources Limited
235 Port Road
Hindmarsh SA 5007
Dear Mr Appleyard

Marathon Resources Limited (the "Entity"): ASX price query

We have noted a change in the price of the Entity's securities from a low of $0.09 at the close of trading on Thursday, 2
April 2015 to a high of $0.15 at the time of writing.
In light of the price increase, ASX asks you to respond separately to each of the following questions:
1. Is the Entity aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is "yes":
a) Is the Entity relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in the Entity's securities would suggest to ASX that such information may have ceased to be confidential and therefore the Entity may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is "yes", you need to contact us immediately to discuss the situation.
b) Can an announcement be made immediately?
Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt (see below).
c) If an announcement cannot be made immediately, why not and when is it expected that an announcemant will be made?
3. If the answer to question 1 is "no", is there any other explanation that the Entity may have for the recent trading in its securities?
4. Please confirm that the Entity is in compliance with the Listing Rules and, in particular, Listing Rule 3.1.

When and where to send your response

This request is made under, and in accordance with, Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by not later than 2pm AEST today, Wednesday, 8 April 2015. If we do not have your response by then, ASX will have no choice but to consider suspending trading in the Entity's securities under Listing Rule 17.3.
You should note that if the information requested by this letter is information required to be given to ASX under Listing

Rule 3.1 and it does not fall within the exceptions mentioned in Listing Rule 3.1A, the Entity's obligation is to disclose the

ASX Compliance

Pty Limited

ABN 26 087 780 489

20 Bridge Street

Sydney NSW 2000

www.asx.com.au

Customer service 13 12 79

T 61 2 9227 0135

E [email protected]

information "immediately". This may require the information to be disclosed before the deadline set out in the previous paragraph.
ASX reserves the right to release a copy of this letter and your response on the ASX Market Announcements Platform under Listing Rule 18.7A. Accordingly, your response should be in a form suitable for release to the market.
Your response should be sent to me by e-mail at [email protected]. It should notbe sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Listing Rule 3.1

Listing Rule 3.1 requires a listed entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. Exceptions to this requirement are set out in Listing Rule 3.1A.
The obligation of the Entity to disclose information under Listing Rules 3.1 and 3.1A is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.
In responding to this letter, you should have regard to the Entity's obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 - 3.1B.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is "yes" and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in the Entity's securities under Listing Rule 17.1.
If you wish a trading halt, you must tell us:

the reasons for the trading halt;

how long you want the trading halt to last;

the event you expect to happen that will end the trading halt;

that you are not aware of any reason why the trading halt should not be granted; and

any other information necessary to inform the market about the trading halt, or that we ask for.

We may require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted.
You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions. If you have any queries or concerns about any of the above, please contact me immediately.
Yours sincerely

[Sent electronically without signature]

Ivan Tatkovich

Adviser, Listings Compliance

2/2

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Marathon Resources Ltd

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CODE : MTN.AX
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Marathon Resource is a gold and copper exploration company based in Australia.

Its main exploration properties are GLENDAMBO, BLANCHETOWN, WESTERN VICTORIA - MOYSTON, EASTERN VICTORIA, KALYMNA and MT GEE in Australia.

Marathon Resource is listed in Australia and in Germany. Its market capitalisation is AU$ 16.6 millions as of today (US$ 12.0 millions, € 10.5 millions).

Its stock quote reached its highest recent level on June 29, 2007 at AU$ 6.98, and its lowest recent point on October 18, 2013 at AU$ 0.01.

Marathon Resource has 92 210 000 shares outstanding.

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Project news of Marathon Resources Ltd
1/31/2012Marathon Resources quarterly
Corporate news of Marathon Resources Ltd
7/31/2015Quarterly Activities and Cashflow Reports
7/29/2015Notice of General Meeting/Proxy re Change of Name
7/14/2015Investor Presentation
7/10/2015Change of Address and Contact Details
7/3/2015Marathon Updates Market on Relisting
7/1/2015Form 604 Substantial Holder Change of Interest
4/27/2015Notice Of Extraordinary General Meeting/Proxy Form
4/22/2015Update ARPTriEnergy Acquisition
4/8/2015Response to Price Query Letter
3/18/2015Form 603 Initial Substantial Holder Notice - Revised
3/18/2015Form 604 Change of Interest of Substantial Holder
3/17/2015Marathon Informs Market of ARP TriEnergy Share Sale
3/3/2015Marathon Signs Share Sale Agreement to Acquire LCEP
2/11/2015Half Year Accounts
1/12/2015Leigh Creek Energy Project Acquisition
12/2/2014Initial Director's Interest Notice
12/1/2014Marathon announces Farm In to Leigh Creek Energy Project
11/25/2014Final Director's Interest Notice
11/20/2014Chairmans Address to Shareholders
11/20/2014AGM Results
11/1/2014Quarterly Activity & Cashflow Statement July - September 201...
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10/29/2009ASX release Quarterly Activity and cashflow reports
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9/16/2009Marathon survey details uranium anomalies at Mt Gee, SA
7/23/2009Quarterly activities report
7/7/2009Revised letter to Shareholders and details of CEO remunerati...
1/29/2009December quarterly report
11/28/2008ASX announcement - Marathon Resources' 2008 AGM results
1/31/2008Quarterly Activity Statement and Appendix 5B
11/29/2007Grows to 3.54 million ounces of PGM and gold, 4.75 million o...
10/22/2007discovers additional mineralization outside current resource...
7/2/2007Final Assey Results from Recent Drilling Program
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AUSTRALIA (MTN.AX)FRANKFURT (LVT.F)
0.180-2.70%0.078-8.24%
AUSTRALIA
AU$ 0.180
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-2.7%
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Year l/h YTD var.
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52 week l/h 52 week var.
0.100 -  0.230 12.50%
Volume 1 month var.
985,010 -5.26%
24hGold TrendPower© : -15
Produces
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Explores for Copper - Gold - Uranium
 
 
 
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